What are the variables available in forex charts?

<p>You might visit this link for better idea : <a href="https://paxforex.org/forex-blog/understanding-forex-charts-can-make-you-a-better-trader">https://paxforex.org/forex-blog/understanding-forex-charts-can-make-you-a-better-trader</a></p><p><br></p>

<p id="isPasted">Forex charts display variables like time on the horizontal axis and price on the vertical axis, showing Open, High, Low, and Close prices for specific time periods. These charts also integrate technical indicators, such as Moving Averages, Bollinger Bands, MACD, and RSI, to provide further insight into market movements and trends for traders. &nbsp;</p><p>Here's a breakdown of the key variables in forex charts:</p><p>Core Price Variables</p><p>Time: The horizontal (x) axis of a forex chart typically represents the passage of time, which can be set to different intervals (e.g., minutes, hours, days).&nbsp;</p><p>Price: The vertical (y) axis represents the price of the currency pair being analyzed.&nbsp;</p><p>Open: The price at which a currency pair began trading during a specific period.&nbsp;</p><p>High: The highest price the currency pair reached during that period.&nbsp;</p><p>Low: The lowest price the currency pair reached during that period.&nbsp;</p><p>Close: The price at which the currency pair finished trading for that period.&nbsp;</p><p>Technical Indicators</p><p>Forex charts allow traders to overlay various technical indicators to gain deeper insights into price movements and potential trading opportunities. These indicators provide additional data beyond simple price action.&nbsp;</p><p>Overlays: These indicators are plotted directly on top of the price chart, often using the same price scale.</p><p>Examples: Moving Averages, Bollinger Bands.</p><p>Oscillators: These indicators oscillate, or change, between a defined minimum and maximum range and are displayed above or below the main price chart.</p><p>Examples: MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index).</p>